Email this article 
Hide
Show all
Global Banks and Systemic Risk in the European Union: Limiting Tools
Abstract
The paper presents the most important tools for reducing systemic risk in the European Union generated by global banks and their subsidiaries operating in the Member States. The analysis was not limited to tools dedicated exclusively to global banks but also covered the universal mechanisms that could help reduce the systemic risk generated by these entities. According to the author, the mechanisms and tools examined are undoubtedly a step in the right direction. However, covering global banks with a resolution system cannot be considered as an alternative to bank divisions, as the size of the funds in the resolution systems will never be enough to carry out the resolution of such a bank without the need for public funds.
Keywords
Full Text:
PDF (Język Polski)References
Basel Committee on Banking Supervision, Global systemically important banks: Updated assessment methodology and the higher loss absorbency requirement, Basel, July 2013.
Black L., Correa R., Huang X., Zhou H., The Systemic Risk of European Banks During the Financial and Sovereign Debt Crises, “Journal of Banking & Finance” 2016, No. 63.
Brownlees C.T., Engle R.F., Volatility Correlation and Tails for Systemic Risk Measurement, Working Paper, NYU Stern School of Business, 2011.
European Commission, EU Banking Reform: Strong banks to support growth and restore confidence, Brussels, 23 November 2016a.
European Commission, Impact Assessment Commission staff working document, SWD(2014) Annex A8, Brussels 2014a.
European Commission, Proposal for a Directive of the European Parliament and of the Council amending Directive 2013/36/EU, Brussels, 23.11.2016a, COM/2016/0854 final.
European Commission, Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 and amending Regulation (EU) No 648/2012, Brussels, 23.11.2016b, COM(2016) 850 final.
European Commission, Proposal for a Regulation of he European Parliament and of the Council on structural measures improving the resilience of EU credit institutions, COM(2014) 43 final, Brussels, 29.1.2014b.
Financial Stability Board, 2016 list of global systemically important banks (G-SIBs), 21 November 2016.
Huang X., Zhou H., Zhu H., A Framework for Assessing the Systemic Risk of Major Financial Institutions, “BIS Working Papers” 2009, No. 281.
Kleinow J., Moreira F., Systemic risk among European banks: A copula approach, “Journal of International Financial Markets, Institutions and Money” 2016, Vol. 42, DOI: https://doi.org/10.1016/j.intfin.2016.01.002.
Liikanen E., Final report. High-level Expert group on reforming the structure of the EU banking sector, Brusselss 2012.
Niedziółka P., Kredytowe instrumenty pochodne a stabilność finansowa, SGH w Warszawie, Warszawa 2009.
Pagano M.S., Sedunov J., A comprehensive approach to measuring the relation between systemic risk exposure and sovereign debt, “Journal of Financial Stability” 2016, No. 23.
DOI: http://dx.doi.org/10.17951/h.2017.51.6.141
Date of publication: 2018-02-27 16:38:02
Date of submission: 2017-07-13 14:21:15
Statistics
Indicators
Refbacks
- There are currently no refbacks.
Copyright (c) 2018 Jan Koleśnik
This work is licensed under a Creative Commons Attribution 4.0 International License.